NexPoint Residential Trust Inc (NYSE:NXRT) – Analysts at DA Davidson raised their Q1 2018 EPS estimates for shares of NexPoint Residential Trust in a research note issued to investors on Wednesday. DA Davidson analyst J. Lykins now anticipates that the financial services provider will earn $0.40 per share for the quarter, up from their prior forecast of $0.39.
NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The business had revenue of $34.90 million during the quarter, compared to analysts’ expectations of $36.28 million. NexPoint Residential Trust had a net margin of 37.00% and a return on equity of 23.28%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share.
Shares of NexPoint Residential Trust (NXRT) opened at $23.40 on Thursday. The company has a market cap of $512.58, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.91 and a beta of 0.72. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. NexPoint Residential Trust has a 12 month low of $22.28 and a 12 month high of $29.40.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Highland Capital Management LP boosted its stake in shares of NexPoint Residential Trust by 27.6% in the 4th quarter. Highland Capital Management LP now owns 2,215,475 shares of the financial services provider’s stock valued at $57,174,000 after purchasing an additional 478,850 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of NexPoint Residential Trust by 13.7% in the 4th quarter. Renaissance Technologies LLC now owns 961,300 shares of the financial services provider’s stock valued at $26,859,000 after purchasing an additional 115,600 shares in the last quarter. State Street Corp boosted its stake in shares of NexPoint Residential Trust by 4.9% in the 2nd quarter. State Street Corp now owns 548,705 shares of the financial services provider’s stock valued at $13,653,000 after purchasing an additional 25,552 shares in the last quarter. Millennium Management LLC boosted its stake in shares of NexPoint Residential Trust by 404.7% in the 4th quarter. Millennium Management LLC now owns 477,383 shares of the financial services provider’s stock valued at $13,338,000 after purchasing an additional 382,804 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of NexPoint Residential Trust by 8.8% in the 3rd quarter. Principal Financial Group Inc. now owns 326,921 shares of the financial services provider’s stock valued at $7,758,000 after purchasing an additional 26,487 shares in the last quarter. Institutional investors own 55.65% of the company’s stock.
In other news, insider James D. Dondero bought 24,788 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average cost of $27.23 per share, with a total value of $674,977.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James D. Dondero bought 10,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was purchased at an average cost of $28.50 per share, for a total transaction of $285,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 86,553 shares of company stock worth $2,360,392. 19.00% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Monday, March 19th. NexPoint Residential Trust’s dividend payout ratio is 40.32%.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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